Parsons Corporation (PSN) Misses Q2 EPS by 19c, Lowers FY Guidance

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Go back to Parsons Corporation (PSN) Misses Q2 EPS by 19c, Lowers FY Guidance

Parsons Reports Second Quarter 2021 Results

August 4, 2021 6:30 AM EDT

Q2 2021 Financial Highlights

Revenue of $879 millionNet income of $7 million and margin of 0.8%Adjusted EBITDA of $66 million and margin of 7.5%Cash flow from operations of $104 million, a company record for the second quarterBook-to-bill ratio of 1.9x, driven by Federal Solutions book-to-bill ratio of 2.8x, both company records

Strategic Highlights

Strong Q2 2021 with three contract wins over $100 million each, including the companys largest win everAnnounced BlackHorse acquisition, enhances cyber, electronic warfare and information dominance capabilitiesContinued to build on long-standing commitment to ESG initiatives and published 2021 CSR... More